While being delisted from various exchanges, Bitcoin SV [BSV] secured a place on Float SV exchange as they announced multiple new trading pairs. The exchange paired BSV with Tether [USDT], USD Coin [USDC], Bitcoin [BTC] and Bitcoin Cash [BCH].
Float SV is an OKEx partnered “Bitcoin SV based exchange”, formed as a result of exchanges delisting BSV. In fact, the exchange was launched on April 12, a day after Binance’s CEO Changpeng Zhao threatened to delist the coin following Craig Wright’s claims of being Satoshi and suing people on account of defamation.
The founder of RelayX and advisor to the OK group, Jack C Liu, founded Float SV and is the CEO of the exchange. Float SV first made their presence felt on Twitter when Wright and his buddy Calvin Ayre were suing people on the internet. According to a Medium post published on April 12, the reason for the formation of this “BSV based exchange” was:
“Float SV will launch in April, although the exact timing will be adjusted forward if any major exchange delists Bitcoin (SV).”
As of April 20, Binance, Kraken, and ShapeShift are among the major exchanges which delisted Bitcoin SV due to the “toxic” ecosystem. With major exchanges delisting BSV, the price of the coin has fallen drastically, and the support from its native exchange does not seem to have helped the coin as it fell by over 16% over the past seven days.
At press time, Bitcoin SV [BSV] was valued at $59 with a market cap of $1.05 billion. The 24-hour trading volume of the coin was noted to be $101.52 million.
Subscribe to AMBCrypto’s Newsletter
Binance Coin [BNB] isn’t the only coin to record a surge of over 300 percent in 2019
Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.